A New York man pleaded guilty to tax evasion for a scheme that included his minor son.
Mark Wolanyk opened a bank account in his son’s name in 2010, and listed himself as the custodian of the account. For the next three years Wolanyk deposited more than $250,000 in the account, with most of the funds coming from his business. Around the same time period, Wolanyk withdrew a similar amount from the account.
In 2011, while the IRS was attempting to collect taxes owed by Wolanyk, he submitted a Collection Information Statement for Wage Earner and Self-Employed individuals and did not list his son’s account.
Wolanyk filed a false tax return in 2014 claiming a loss in income. Later that year he amended his return and claimed $77,477 in gross income and $56,491 in total income. Neither return reported $60,000 he had deposited in his son’s account from real estate business that same year.
Wolanyk was sentenced to 12 months of home confinement, three years of supervised release and ordered to pay $243,387 in restitution to the IRS.